IBM company's Stock and Bond information is provided below: Bond Time to Maturity: 15-years; Annual Coupon Rate: 6.00%; PAR Value: $1000; Currently trading at: $1275.54; Corp Tax Rate: 25.00% Preferred Stock Preferred Stock Price: $65.00; Preferred Annual Dividend: $3.50 Common Stock (Method 1) Equity Beta: 0.95; Risk-free Rate: 4.00%; Market Risk Premium: 6.00% Common Stock (Method 2) Long-run earnings growth: 8.00%; Expected Dividend (in one year): $2.00; Current Stock Price: $62.00 The target capital structure of the company consists of 75.0% Common Stock, 15.0% Debt, and 10.0% Preferred Stock. How much is IBMs Weighted Average Cost of Capital (WACC)? Enter your answer in the following format: 0.1234 Hint #1: Use 'Method2' for cost of common equity. Answer is between 0.0775 and 0.0945. Hint #2: Cost of pre-tax debt is: 3.59%.